Donald Trump, the former US president and current candidate for the position, has shared his belief that Bitcoin, the largest cryptocurrency in the market, could play a crucial role in winning the artificial intelligence (AI) arms race against China. This information was reported by CNBC on June 13.
Trump recently held a meeting with Bitcoin miners at his Mar-a-Lago resort in Palm Beach, Florida. According to reports, the miners stated that Trump sees the potential of Bitcoin in aiding the US in the AI arms race. Jason Les, a reporter present at the event, highlighted that one of the key discussions was about the United States leading in various aspects and how it should also excel in Bitcoin.
During a meeting on June 12, Trump publicly expressed his support for cryptocurrency mining, specifically Bitcoin production, in the country. He met with key figures from the crypto mining sector, including Matthew Schultz, executive chairman of CleanSpark Inc., Riot Platforms CEO Jason Les, and head of public policy Brian Morgenstern. Morgenstern emphasized that Trump will protect the rights of individuals to own, mine, and transact Bitcoin.
In a recent statement, Trump emphasized the importance of Bitcoin mining in stabilizing the energy grid and positioned it as a crucial defense against a Central Bank Digital Currency (CBDC). He criticized President Biden’s stance on Bitcoin, suggesting that it only benefits China, Russia, and the Radical Communist Left. Trump advocated for all remaining Bitcoins to be produced in the USA to strengthen the country’s energy dominance.
As of the time of publication, the price of Bitcoin was $67,217.49, marking a 1.1% increase in the last 24 hours.
Disclaimer: The opinions expressed in this article are for informational purposes only and do not constitute financial advice. Investing in cryptocurrencies carries inherent risks of financial loss.